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- #71: Rare Multi-Family Deals in CA, FL & SD — Cash Flow, House Hacks, & Flips!
#71: Rare Multi-Family Deals in CA, FL & SD — Cash Flow, House Hacks, & Flips!
New 16-unit in Walnut Creek, Tampa Duplex Portfolio, San Diego BRRRR, & Pittsburg Flip
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Hello Investors,
Welcome to Issue #71 of Dealsletter — This week, we’re featuring a highly stable 16-unit in Walnut Creek, a turnkey duplex portfolio in Tampa, a value-packed BRRRR/house hack combo in San Diego, and a low-barrier flip in Pittsburg, CA — ideal for newer investors looking to break in with high ROI.
Let’s dive in! 👇
🚨 Note on Numbers: All calculations for investment properties are based on a 25% down payment and a current interest rate of 6.80%, unless otherwise stated. For house hacks, we assume a 5% down payment with PMI at 0.4% and a 6.24%(FHA) interest rate. We do the math so you can focus on what matters – the deals!
👉🏼 Stay up to date: What’s the latest on mortgage rates?

📈 The Stats: Each listing comes with detailed investment metrics like cap rates, GRM, and special financing options where available.
Walnut Creek, CA 16-Unit Instant Cash Flow + 30% Rental Upside
📍 Address: 1229 Boulevard Way, Walnut Creek, CA 94595
💰 Price: $3,500,000
🏠 Units: 16
🏦 Cap Rate: 7.7%

This Walnut Creek 16-unit checks all the boxes: stabilized cash flow, premium location, and over 30% in rental upside. With a price per unit of $218K, strong tenant appeal, and proximity to HWY 24 and I-680, this is one of the better Bay Area multi-family acquisitions we’ve seen in weeks.
Why This Is a Great Investment
You’re buying in an affluent, stable, and high-demand rental market with excellent transit access. The area has very low turnover, and these units offer charm with room for modest upgrades. The cash flow is strong (DSCR of 1.31) and there’s significant long-term appreciation baked in due to the location.
The Stats (25% Down, Multi-Family Investment) 📝
Purchase Price: $3,500,000
Gross Rent: $37,440/month
Vacancy (10%): -$3,744/month
Operating Expenses: $11,381/month
Taxes: $2,150/month
Insurance: $245/month
Maintenance: $3,744/month
Capital Expenditures: $1,872/month
Net Operating Income: $22,315/month
Loan Payments: $17,061/month
Cash Flow: $5,2,54/month
Capitalization Rate: 7.7%
DSCR: 1.31
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Past performance is not indicative of future results. Email may contain forward-looking statements. See US Offering for details. Informational purposes only.
3 Duplex Investment Portfolio
📍Address: 3-Duplex Portfolio, Tampa, FL
💰 Price: $1,000,000
🏠 Units: 6
🏦 Cap Rate: 7.7%

This fully occupied 3-duplex portfolio in Tampa’s Sulphur Springs area has been recently renovated — including new roofs, electrical panels, and HVACs — and generates strong returns from Day 1. The mix of strong rental demand, recent updates, and multiple exit strategies make this a rock-solid addition to your portfolio.
Why This Is a Great Investment
With a DSCR of 1.33, minimal deferred maintenance, and a sub-$167K/unit entry price, this portfolio performs today and is positioned for future appreciation as Tampa continues its explosive growth. It also qualifies for simple DSCR lending, making financing smooth.
The Stats (25% Down, DSCR Rental Portfolio Loan) 📝
Purchase Price: $1,000,000
Gross Rent: $9,150/month
Vacancy (10%): -$915/month
Operating Expenses: $1,790/month
Taxes: $667/month
Insurance: $208/month
Maintenance: $458/month
Capital Expenditures: $458/month
Net Operating Income: $6,445/month
Loan Payments: $4,840/month
Cash Flow: $1,605/month
Capitalization Rate: 7.7%
DSCR: 1.33
TWO Homes One Lot | BRRRR into House Hack
📍 Address: 4151 51st St, San Diego, CA 92105
💰 Price: $699,000
🏠 Units: 2
🏦 ARV: $1,257,000

Two homes on one lot in San Diego’s Colina Del Sol — perfect for house hacking, BRRRR, or flipping. You can live in one unit and rent the other, all while creating instant equity through renovation. One of the strongest exit-flexibility deals we’ve featured.
Why This Is a Great Investment
This is a perfect BRRRR into house hack opportunity. You recover most of your cash at refinance, live for free in one unit, and own a property in a rapidly appreciating San Diego neighborhood. The layout and zoning allow for ADU/additional value in the future.
The Stats(10% Down Hard Money Loan, BRRRR into Primary Mortgage / House Hack) 📝
Purchase Price: $699,000
Estimated Rehab Costs (based on known conditions, includes buffer): $165,000
ARV: $1,257,000
Holding Period: 4 months
Holding Costs: $30,442
Invested Cash: $90,870
Refinance Cash Out: $80,498
Gross Rent (1 unit): $2,500/month
Operating Expenses: $851/month
Loan Payments: $6,083
Effective Mortgage: $4,434
Low Barrier Easy House Flip
📍 Address: 718 Carpino Ave, Pittsburg, CA 94565
💰 Price: $375,000
🏠 Units: 1
🏦 ROI: 62.5%

This is the kind of low-barrier, quick cosmetic flip we love — low risk, fast turn, and high return. It’s already clean and nearly rent-ready. Could even be a great “live-in flip” for a first-timer.
Why This Is a Great Investment
At just $48K in total invested cash and a projected $37K profit in 3 months, this is an ideal starter flip. Minimal work, solid ARV, and a competitive entry point in a high-demand rental city with ADU potential.
The Stats(10% Down, Hard Money Loan) 📝
Purchase Price: $375,000
Rehab Cost: $35,200
After Repair Value (ARV): $493,000
Holding Period: 3 months
Holding Costs: $11,617
Initial Investment: $48,750
Total Profit: $37,748
Return on Investment (ROI): 62.5%
What’s Brewing at Dealsletter ☕️
🔥 ReiList Beta Coming Soon!
Dealsletter subscribers get first access to our new deal-finding platform, ReiList!📢 More Off-Market Deals – We’re working on exclusive pre-screened investments you won’t find anywhere else!
A Big Thank You! 🙌
We're immensely grateful for our early subscribers. Your trust and engagement are the fuel that drives Dealsletter. We promise to keep delivering top-notch real estate insights and deals.
Until next time,
The Dealsletter Team
Disclaimer: The content provided through Dealsletter, including investment metrics, property analysis, and rewards materials, is for informational and educational purposes only. It does not constitute financial, legal, or investment advice. Always conduct your own due diligence or consult a licensed professional before making any investment decisions. Dealsletter assumes no responsibility for any financial outcomes resulting from actions taken based on the information provided.